AI
Monday, June 07, 2021 1:24:53 AM
BONZ has substantial amounts of gold in their mining properties
BONZ DD
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163489473
Towne Gold Mine can be put into production quickly.
In addition to the Towne Gold Mine, there are two large gold properties, Thunder Mountain Gold and Cupid Gold.
1.Thunder Mountain Gold project:
The Thunder Mountain project is presently comprised of 17 unpatented lode mining claims on BLM ground, which are centered on the areas previously drilled by Newmont, Midway Gold and Kinross.
Past drilling results show that Thunder Mountain Gold has lots of high grade gold.
Past drilling results
Midway Gold reported drill results in 2007 and 2008 as follows:
•10 feet of 0.389 ounces per ton ( or 11 g/t) gold within 40 feet of 0.135 opt (or 3.8 g/t) gold (drill hole TM08-09)
•5 feet of 1.187 OPT (or 33.6 g/t) gold within 30 feet of 0.705 OPT (or 20 g/t) gold (drill hole TM07-04)
•10 feet 1.93 OPT (or 54 g/t) gold within 30 feet of 0.705 OPT (or 20 g/t) gold (drill hole TH-27)
•15 feet of 0.036 OPT (or 1 g/t) gold with 5 feet of 7.4 OPT ( or 210 g/t) silver (drill hole TM08-10)
The World Gold Council defines a high-quality underground mine as having a gold ore density between 8 and 10 g/t, while a low-quality underground mine has a gold ore density of 1 to 4 g/t.
2.Cupid Gold Project:
BONZ has increased the size of its Cupid Gold Project to 1,064 acres from 217 acres on 1/23/2020. The Cupid Gold Project now covers substantially all of the area of outcropping alteration / mineralization formerly included in the Kinross CPD property.
Sampling at Cupid
Past sampling by the project vendor encountered anomalous gold throughout the original Cupid project area, ranging from 0.134 to 0.270 ounces of gold per ton (3.8 to 7.7 g/ton). Further sampling is planned concurrent with geological mapping of the additional project claims.
https://www.otcmarkets.com/stock/BONZ/news/Bonanza-Goldfields-Corp-Acquires-Thunder-Mountain-Gold-Project?id=186470
https://www.otcmarkets.com/stock/BONZ/news/Bonanza-Goldfield-Expands-Cupid-Gold-Project-Reduces-Debt-by-Almost-50?id=252037
3.Towne Gold Mine:
Towne Mine can be put into production quickly
Towne Mine is located entirely on private ground which means the mining permit is easier to be granted.
Towne Mine has a private millsite, which means they can put into production more quickly with far less capital expenditure.
Towne Mine produced high grade gold ore (6 oz/t or 170 g/t) in early years, which means it has large amounts of gold left unmined since 8 g/t is considered high quality grade with current modern mining technology.
The previous operator has completed trenching along the strike of the vein and considered to put it into production. We can deduce that they had very promising data to support it.
That’s why BONZ management emphasizes the Towne Mine this year (See Fred Bauman’s email), which can be put into production quickly with joint partnership when gold price is favorable.
See Fred Bauman’s email
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163409216
4.Bauman family used their own money to fund the operating expense of BONZ, which is very rare in OTC
Bauman family funds the operating expense of BONZ to maintain its pink status without diluting shares, unlike many other OTC companies which fund operation by convertible debts resulting in significant dilution.
Since they took over BONZ management in 2017, they used their own money of $10k yearly to maintain the pink status without diluting shares, so far the total operating expense of $432k was paid by Bauman family (Riverbrook Industries Corp) as a loan. If BONZ fails, all of their time and money go down the drain.
see Page 9 & F-1 in latest quarterly report.
https://backend.otcmarkets.com/otcapi/company/financial-report/282693/content
5.Tight share structure
There is no change in outstanding shares for over three years.
There is no change in preferred shares since the Baumans family took over the company management in 2017. They hold these shares for huge upside potential.
There will be no change in OS in the future due to BONZ's unique business model.
Such tight share structure will set up an explosive run when gold is hot, similar to its sister company AMLM.
6.The unique business model:
BONZ's unique business model makes it capable of moving things forward in big way without diluting shares. This is quite rare in OTC market.
This business model is like royalty company, which performs best in the gold bull market.
It's sister company AMLM has proven this business model.
BONZ and AMLM have the same owner, also have the same business model
AMLM has a partnership with ATAO, AMLM only contributes its holding properties, while ATAO pays for all exploration costs. This kind of business model incurs no share dilution for AMLM. In lithium bull market, AMLM enjoys benefits of bull run without much costs, share price of AMLM run up to around 100 times with market cap of $122M.
See Note 6 on page 13 of 20
https://backend.otcmarkets.com/otcapi/company/financial-report/267625/content
Similarly, BONZ will run up to 100 times with market cap of $100M in the coming gold bull market with possible similar partnership. Considering BONZ holds so many past producing mines, BONZ might be even more explosive than its sister company AMLM when gold price runs up to $2,000, $5,000, $20,000/oz...
Since McIntyre & Bauman Group has the reputation of successful mining and industrial ventures going back over a century, BONZ’s holding mining properties have huge potential and are invaluable, same as AMLM. BONZ will be certain to find a partnership similar to AMLM & ATAO.
http://www.mcintyrebauman.com/
7.Gold bull market
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162802975
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163796490
BONZ DD
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163489473
Towne Gold Mine can be put into production quickly.
In addition to the Towne Gold Mine, there are two large gold properties, Thunder Mountain Gold and Cupid Gold.
1.Thunder Mountain Gold project:
The Thunder Mountain project is presently comprised of 17 unpatented lode mining claims on BLM ground, which are centered on the areas previously drilled by Newmont, Midway Gold and Kinross.
Past drilling results show that Thunder Mountain Gold has lots of high grade gold.
Past drilling results
Midway Gold reported drill results in 2007 and 2008 as follows:
•10 feet of 0.389 ounces per ton ( or 11 g/t) gold within 40 feet of 0.135 opt (or 3.8 g/t) gold (drill hole TM08-09)
•5 feet of 1.187 OPT (or 33.6 g/t) gold within 30 feet of 0.705 OPT (or 20 g/t) gold (drill hole TM07-04)
•10 feet 1.93 OPT (or 54 g/t) gold within 30 feet of 0.705 OPT (or 20 g/t) gold (drill hole TH-27)
•15 feet of 0.036 OPT (or 1 g/t) gold with 5 feet of 7.4 OPT ( or 210 g/t) silver (drill hole TM08-10)
The World Gold Council defines a high-quality underground mine as having a gold ore density between 8 and 10 g/t, while a low-quality underground mine has a gold ore density of 1 to 4 g/t.
2.Cupid Gold Project:
BONZ has increased the size of its Cupid Gold Project to 1,064 acres from 217 acres on 1/23/2020. The Cupid Gold Project now covers substantially all of the area of outcropping alteration / mineralization formerly included in the Kinross CPD property.
Sampling at Cupid
Past sampling by the project vendor encountered anomalous gold throughout the original Cupid project area, ranging from 0.134 to 0.270 ounces of gold per ton (3.8 to 7.7 g/ton). Further sampling is planned concurrent with geological mapping of the additional project claims.
https://www.otcmarkets.com/stock/BONZ/news/Bonanza-Goldfields-Corp-Acquires-Thunder-Mountain-Gold-Project?id=186470
https://www.otcmarkets.com/stock/BONZ/news/Bonanza-Goldfield-Expands-Cupid-Gold-Project-Reduces-Debt-by-Almost-50?id=252037
3.Towne Gold Mine:
Towne Mine can be put into production quickly
Towne Mine is located entirely on private ground which means the mining permit is easier to be granted.
Towne Mine has a private millsite, which means they can put into production more quickly with far less capital expenditure.
Towne Mine produced high grade gold ore (6 oz/t or 170 g/t) in early years, which means it has large amounts of gold left unmined since 8 g/t is considered high quality grade with current modern mining technology.
The previous operator has completed trenching along the strike of the vein and considered to put it into production. We can deduce that they had very promising data to support it.
That’s why BONZ management emphasizes the Towne Mine this year (See Fred Bauman’s email), which can be put into production quickly with joint partnership when gold price is favorable.
See Fred Bauman’s email
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163409216
4.Bauman family used their own money to fund the operating expense of BONZ, which is very rare in OTC
Bauman family funds the operating expense of BONZ to maintain its pink status without diluting shares, unlike many other OTC companies which fund operation by convertible debts resulting in significant dilution.
Since they took over BONZ management in 2017, they used their own money of $10k yearly to maintain the pink status without diluting shares, so far the total operating expense of $432k was paid by Bauman family (Riverbrook Industries Corp) as a loan. If BONZ fails, all of their time and money go down the drain.
see Page 9 & F-1 in latest quarterly report.
https://backend.otcmarkets.com/otcapi/company/financial-report/282693/content
5.Tight share structure
There is no change in outstanding shares for over three years.
There is no change in preferred shares since the Baumans family took over the company management in 2017. They hold these shares for huge upside potential.
There will be no change in OS in the future due to BONZ's unique business model.
Such tight share structure will set up an explosive run when gold is hot, similar to its sister company AMLM.
6.The unique business model:
BONZ's unique business model makes it capable of moving things forward in big way without diluting shares. This is quite rare in OTC market.
This business model is like royalty company, which performs best in the gold bull market.
It's sister company AMLM has proven this business model.
BONZ and AMLM have the same owner, also have the same business model
AMLM has a partnership with ATAO, AMLM only contributes its holding properties, while ATAO pays for all exploration costs. This kind of business model incurs no share dilution for AMLM. In lithium bull market, AMLM enjoys benefits of bull run without much costs, share price of AMLM run up to around 100 times with market cap of $122M.
See Note 6 on page 13 of 20
https://backend.otcmarkets.com/otcapi/company/financial-report/267625/content
Similarly, BONZ will run up to 100 times with market cap of $100M in the coming gold bull market with possible similar partnership. Considering BONZ holds so many past producing mines, BONZ might be even more explosive than its sister company AMLM when gold price runs up to $2,000, $5,000, $20,000/oz...
Since McIntyre & Bauman Group has the reputation of successful mining and industrial ventures going back over a century, BONZ’s holding mining properties have huge potential and are invaluable, same as AMLM. BONZ will be certain to find a partnership similar to AMLM & ATAO.
http://www.mcintyrebauman.com/
7.Gold bull market
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162802975
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163796490
